On the basis of an assessment of the current and
evolving macroeconomic situation at its meeting today (02-08-2017), the
Monetary Policy Committee (MPC) decided to:
- Reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect.
- Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent.
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CURRENT RATES
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POLICY RATES
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BANK RATE
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6.25 %
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REPO RATE
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6 %
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|
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REVERSE REPO RATE
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5.75 %
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|
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MARGINAL STANDING FACILITY RATE
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6.25 %
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|
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RESERVE RATIO
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CRR
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4 %
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SLR
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20 %
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|
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LENDING RATE
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BASE RATE
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9 – 9.55 %
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The
next meeting of the MPC is scheduled on October 3 and 4, 2017
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